Comparative Study Of Chinese Accounting Standards For Small Enterprises

On October 18,2011, ministry of finance of the country promulgated the accounting standards for small enterprises, and small businesses should execute new standard by January 1,2013. This is a great system engineering construction enterprise accounting standard, it is marked by the enterprise accounting standards system consist of the accounting standards for enterprises applicable to large and medium size businesses and accounting standards system suitable for small business was basically completed. The historic changes of accounting standards for small enterprises, will have a great impact on small business accounting of our country, contribute to the provisions of our small business accounting management and financial reporting practices, solving the accounting information distortion of small enterprises, to help small businesses overcome financing difficulties. Therefore, under the background of our accounting standards for small enterprises based on adhere to the principle of tax law as the guidance, and as far as possible consistent with the international accounting standards and the accounting standards for enterprises, correct understanding the differences between accounting standards for small enterprise and IFRS for SMEs, understanding the differences between accounting standards for small enterprise and accounting standards for enterprises, understanding of the relationship between standards and enterprise accounting of enterprise income tax law, is of great theoretical significance and practical significance.Based on the accounting standards for small enterprises as the main object of study, using comparative research methods, conducted a comprehensive comparison of our accounting standards for small enterprises and the international financial reporting standard for small and medium-sized entities, accounting standards for enterprises, enterprise income tax law. First, analysis of the coordination between accounting standards for small enterprises and IFRs for SMEs from the aspects of the legislative and logic starting points, select the terms in terms of accounting elements recognition and measurement, financial statements to make comparative, draw the difference. Second, analysis of the coordination between accounting standards for small enterprises and accounting standards for enterprises from the aspects of basis and accounting methods, compare the difference between two standards in accounting subject, accounting elements recognition and measurement and financial statements. Third, introduced by the relationship between accounting and tax law, analysis of the similarities and difference between accounting standards for small enterprises and enterprise income tax law in the elements and the deductions. The article focuses on the reasons for the differences between accounting standards for small enterprises and guidelines, and finally, gives suggestions to small enterprises to counter the difficult problems that may occur.